General
SERAP Sues Tinubu Over Withdrawal of Media Accreditation
By Adedapo Adesanya
The Socio-Economic Rights and Accountability Project (SERAP) has proceeded to sue President Bola Tinubu over the withdrawal of the accreditations of 25 journalists and media houses from covering the Presidential Villa.
In the suit filed on behalf of SERAP its lawyers, Mr Ebun-Olu Adegboruwa, Mr Kolawole Oluwadare, and Miss Valentina Adegoke, it was argued that, “The ban on the journalists from covering the Presidential Villa fails to meet the requirements of legality, necessity, and proportionality.”
According to reports, the federal government recently withdrew the accreditations of some journalists, preventing them from covering activities at the Presidential Villa, Abuja, and SERAP gave the Tinubu-led FG to rescind the decision.
According to the organisation, “The affected journalists were simply told at the main gate of the Presidential Villa to submit their accreditation tags.”
In the suit number FHC/L/CS/1766/23 filed last Friday at the Federal High Court in Lagos, SERAP is seeking: “an order to direct and compel President Tinubu to reverse the revocation of the accreditations and ban on 25 journalists and media houses from covering the Presidential Villa.”
SERAP is seeking: “an order of perpetual injunction to restrain President Tinubu or any other authority, person or group of persons from arbitrarily and unilaterally revoking the accreditations of any journalists and media houses from covering the Presidential Villa.”
SERAP is also seeking: “a declaration that the withdrawal and revocation of accreditation tags and ban on the journalists and media houses from covering the Presidential Villa without any lawful justifications is inconsistent with the rights to freedom of expression, access to information, participation, and media freedom.”
In the suit, SERAP is arguing that: “If not reversed, the arbitrary ban on the journalists from covering the Presidential Villa would open the door to other cases of arbitrariness and would restrict people’s right to freedom of expression, access to information, participation, and media freedom.”
SERAP is also arguing that “The withdrawal of the accreditations of the journalists is without any lawful justifications. It is inconsistent and incompatible with plurality of voices, diversity of voices, non-discrimination, and just demands of a democratic society, as well as the public interest.”
“The media plays an essential role as a vehicle or instrument for the exercise of freedom of expression and access to information – in its individual and collective aspects – in a democratic society.”
“The existence of a free, independent, vigorous, pluralistic, and diverse media is essential for the proper functioning of a democratic society.”
“The free circulation of ideas and news is not possible except in the context of a plurality of sources of information and media outlets. The lack of plurality in sources of information is a serious obstacle for the functioning of democracy.”
“The exercise of the right to freedom of expression through the media is a guarantee that is fundamental for advancing the collective deliberative process on public and democratic issues.”
“The strengthening of the guarantee of freedom of expression is a precondition for the exercise of other human rights, as well as a precondition to the right to participation to be informed and reasoned.”
“Under the Nigerian Constitution 1999 [as amended] and human rights treaties to which Nigeria is a state party, freedom and diversity must be guiding principles in the measures to promote media freedom. The ban on the 25 journalists is entirely inconsistent and incompatible with these principles.”
“The Federal Government should aspire to promote and expand the scope of media freedom, access to information, freedom of expression, and citizens’ participation, not restrict these fundamental freedoms.”
“Barring these journalists and media houses from covering the Presidential Villa is to prevent them from carrying out their legitimate constitutional responsibility.”
“The withdrawal of the accreditation tags of these journalists directly violates media freedom and human rights, including access to information and the right to participation. It would have a significant chilling effect on newsgathering and reporting functions and may lead to self-censorship.”
“The withdrawal of the accreditations of the journalists would construct barriers between Nigerians and certain information about the operations of their government, something which they have a constitutional right to receive.
“Media freedom, access to information and the right to participation are necessary for the maintenance of an open and accountable government. These freedoms are so fundamental in a democracy that they trump any vague grounds of security concerns and overcrowding of the press gallery area.
“According to reports, the Federal Government on 18 August 2023 withdrew the accreditation tags of some 25 journalists and media houses from covering activities at the Presidential Villa, Abuja.
“The banned journalists reportedly include those from Vanguard Newspapers, Galaxy TV, Ben TV, MITV, ITV Abuja, PromptNews, ONTV, and Liberty. Other media personnel affected by the withdrawal are mostly reporters and cameramen from broadcast, print, and online media outlets.
“Under section 22 of the Nigerian Constitution, the mass media, including ‘the press, radio, television and other agencies of the mass media shall at all times be free to uphold the fundamental objectives contained in this Chapter and uphold the responsibility and accountability of the Government to the people.’
“Section 14(2)(c) of the Constitution provides that ‘the participation by the people in their government shall be ensured in accordance with the provisions of this Constitution.’
“Similarly, Article 9 of the African Charter on Human and Peoples’ Rights provides that, ‘Every individual shall have the right to receive information. Every individual shall have the right to express and disseminate his opinions.’
“Article 13 of the Charter also provides that, ‘Every citizen shall have the right to participate freely in the government of his country. Every citizen shall have the right of equal access to the public service of his country. Every individual shall have the right of access to public property and services.’
“Articles 19 and 25 of the International Covenant on Civil and Political Rights contain similar provisions,” the statement read.
No date has been fixed for the hearing of the suit.
By Aduragbemi Omiyale
The Securities and Exchange Commission (SEC) and the Federal Mortgage Bank of Nigeria (FMBN) have announced a strategic collaboration to develop a robust Non-Interest Mortgage (NIM) ecosystem.
This significant move is part of efforts to address the nation’s massive housing deficit and deepen financial inclusion.
At a high-level meeting in Abuja of Friday, both parties agreed to create and regulate viable Sharia-compliant financing structures that will enable millions of Nigerians, particularly those excluded from conventional interest-based loans, to access affordable homeownership.
With Nigeria’s housing deficit estimated to be over 28 million units, the initiative is being hailed as a potential game-changer. It directly addresses a key barrier to homeownership: the affordability and religious compliance of mortgage products for a significant segment of the population.
The successful implementation of this framework is expected to not only reduce the housing deficit but also stimulate the construction industry, create jobs, and foster greater financial inclusion, ultimately contributing to national economic growth.
How Non-Interest Mortgage Model Works
Unlike conventional mortgages that charge interest, non-interest financing is based on principles of risk-sharing, asset-backing, and equitable returns. The models under consideration include:
- Musharakah (Diminishing Partnership): The bank and the customer jointly purchase a property. The customer gradually buys out the bank’s share through periodic payments, eventually becoming the sole owner.
- Ijara (Lease-to-Own): The bank buys the property and leases it to the customer for a fixed period. A portion of the rental payments goes towards the eventual ownership transfer.
- Murabaha (Cost-Plus Sale): The bank acquires the property and sells it to the customer at a pre-agreed markup, payable in instalments.
SEC DG Speaks
Commenting on the development, the Director-General of SEC, Mr Emomotimi Agama, said his agency would provide the necessary regulatory guidance and framework to facilitate the issuance of Sukuk (imic bonds) and other non-interest capital market products to fund these mortgages.
“Our collaboration with FMBN is pivotal to unlocking long-term financing for the housing sector. By creating a clear regulatory pathway for non-interest mortgage-backed securities, we can attract ethical investors, both domestic and international, to channel funds into this critical area. This will create a virtuous cycle of funding, construction, and ownership,” he stated.
What FMBN CEO also said
On his part, the chief executive of FMBN, Mr Shehu Osidi, said the partnership marks a critical step in fulfilling the bank’s mandate to provide affordable housing for all Nigerians.
“For a long time, a substantial number of our citizens have been unable to participate in the National Housing Fund (NHF) scheme due to the interest-based nature of conventional mortgages.
“This partnership with SEC is a strategic response to that gap. We are committed to developing non-interest mortgage products that are not only ethical and inclusive but also financially sustainable,” he noted.
An expert opinion
A housing and finance expert, Mr Ebilate McYoroki, welcomed the development he described as “long overdue.”
“This is a masterstroke in financial inclusion. It taps into a vast pool of potential homeowners and investors who have previously been on the sidelines. If implemented transparently, it could significantly accelerate the pace of housing delivery in the country,” he submitted.
By Adedapo Adesanya
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) is seeking a change to the poor state of pension in the country’s oil and gas industry.
As a result, the union has expressed deep concern over the poor growth of pensions and widening disparities in retirement benefits for energy workers.
PENGASSAN said many retirees under the Closed Pension Fund Administrations (CPFAs) were trapped in a system that had failed to reflect current economic realities, leaving their pensions stagnant despite rising inflation and devaluation of the Naira.
The president of PENGASSAN, Mr Festus Osifo, while speaking at a one-day summit organised by the union in Abuja this week, said the problem stemmed from policy gaps in Nigeria’s pension system and inconsistent adjustments by oil companies operating CPFAs.
He explained that the 2004 Pension Reform Act introduced the contributory pension scheme while allowing some oil and gas firms to continue running the defined benefits model under CPFAs. However, the 2014 amendment to the law barred new employees from joining the defined benefits system, placing them under the contributory scheme.
According to him, while a few companies have mechanisms for regular pension growth, the majority still depend on management discretion, leaving retirees to face hardship as their fixed benefits lose value over time.
Mr Osifo also criticized the way some companies calculate their pension funds and urged the National Pension Commission (PenCom) to tighten its monitoring of the process, noting that the agency must ensure that pension funds remain adequate to cater for both current retirees and future beneficiaries.
The labour leader further disclosed that PENGASSAN would embark on sustained advocacy across the oil and gas sector to address identified gaps in pension management and improve the welfare of retirees, adding that the union will engage management of CPFAs that fail to meet their obligations to ensure equity and fairness for pensioners.
“Over time, we have realised that there is a serious gap in the system. In many organisations, people who retired several years ago still earn the same amount, even though the cost of living has skyrocketed.
“Only about 10 per cent of CPFAs review their pension benefits yearly, while nearly 90 per cent maintain static payments, depending solely on management discretion.
“PenCom must ensure that pension funds are sufficient to take care of today’s retirees and those that will join them in the future. We have observed gaps in how life expectancy and other variables are calculated, and these affect the overall fund balance.
“One of the institutions that have functioned excellently in Nigeria is PenCom. I pray they continue to maintain that high standard so that Nigeria will not happen to them.
“Those organisations doing what is right, we appreciate them. But for those that are not, we will engage them to make the lives of our pensioners more rewarding. It is our duty to take care of those who laboured before us because tomorrow we will also become pensioners,” he stated.
By Modupe Gbadeyanka
A former Governor of Anambra State, Mr Willie Obiano, has refuted reports that he passed away in London, the United Kingdom.
It was earlier reported that the politician breathed his last after a battle with an illness believed to be cancer.
He was reported to have suffered from “severe heart failure and complications related to urinary cancer,” with his health declining in the past months.
However, in a post on Friday evening, Aguleri-born former banker with Fidelity Bank Plc said, “I am alive, hale, hearty, and in excellent health. By the special grace of God, I am doing very well.”
The graduate of the University of Lagos (UNILAG) said he “woke to hear of a rumour making the rounds about my wellbeing.”
“It is unfortunate that some individuals still find joy in spreading falsehood simply for reasons yet to be established. But we will continue to rise above such mischief.
“To everyone who reached out with calls, messages, and prayers, I sincerely appreciate your concern. Your love and goodwill mean more than words can express,” he wrote, asking well-wishers to “disregard the rumour entirely.”
Mr Obiano was born on August 8, 1955. He became the Governor of Anambra State after the former presidential candidate of the Labour Party (LP) in the 2023 election, Mr Peter Obi, finished his tenure as Governor of the same state.
He was succeeded by the current Governor of Anambra State, Mr Charles Soludo, who secured a second term in office last weekend.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years agoSort Codes of GTBank Branches in Nigeria
-
Economy2 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Banking3 years agoSort Codes of UBA Branches in Nigeria